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Why Redfin Stock Was Tumbling Today

TheMotleyFool

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Why Redfin Stock Was Tumbling TodayPhoto, wide shot, wide-angle lens, Artificial intelligence developer, sunset photo at golden hour, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/ee32e77c-b7d6-424b-91ea-4023f2292688.png

Shares of Redfin (NASDAQ: RDFN) were falling today on news of a possible merger of two rivals, and as growth stocks fell broadly after downbeat guidance from Microsoft last night.

As a result, Redfin stock was down 11% as of 11:16 a.m. ET.

News that CoStar was in talks to buy Move, the parent of Realtor.com, from News Corp. pushed online real estate brokerage stocks broadly lower today.

Source Fool.com

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